Chen Qian is a graduate of Chengdu Shishi Middle School in 2008. After graduating from high school, I was admitted to the famous Syracuse University in the United States, studying journalism and communication and minoring in international relations. During her college years in the United States, she also conducted exchange studies in Hong Kong and Israel. When she was in college, she began to work as a reporter for Xinhua News Agency on American live programs.
Its anchor program is very popular with the audience. VOA once made a special talk show about Chen Qian, introducing her outstanding performance in the United States. After graduation, he stayed in the United States to be the anchor of financial programs on Wall Street in New York, and reported a large number of Chinese and English financial programs for Wall Street Multimedia, Tencent Finance and other media.
Its broadcast logic is clear, its analysis is professional and its affinity is strong, which is deeply loved by the audience. Many American viewers commented that watching English programs broadcast by Chen Qian would never think that she didn't grow up in the United States. Although he hasn't been employed for a long time, Chen Qian has become a well-known financial anchor on Wall Street with his outstanding performance.
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Excerpted from the wonderful analysis of Chen Qian, a financial commentator of American Consumer News and Business Channel (Global Economy: Challenges and Opportunities Coexist in the Second Half of the Year 2065438+08);
20 18 The Federal Reserve announced the latest monetary policy and confirmed the path of gradual interest rate increase. The White House economic stimulus plan led to a rapid surge in US debt and also brought risks to other economies in the world. In particular, we launched a series of reports on World Economic Outlook. Now let's take a look at the analysis brought by Chen Qian, a financial commentator of American Consumer News and Business Channel.
The global economic trend in the second half of this year is a big environment where challenges and opportunities coexist. Next, in terms of challenges and opportunities, we will sort out some potential global economic impacts. Let's look at the challenge first. First, the global debt ratio has reached a new high. According to the latest report released by the International Finance Association, in the first quarter of 20 18, the global debt increased to a record $247 trillion.
This makes this single-quarter growth the biggest increase in two years. The current level is $30 trillion higher than that in 20 16 and $ 150 trillion higher than that in15 years ago. With such rapid growth, global debt accounts for 3 18% of global GDP. Among them, the Trump administration's fiscal stimulus plan led to a substantial increase in the deficit, making the debt problem of the United States increasingly prominent.
With more and more debts due, huge financing demand will affect the market. At the same time, in the first quarter of this year, emerging market debt increased by 2.5 trillion US dollars, setting a new record of 58.5 trillion US dollars. Among them, the government debt of Brazil, Saudi Arabia, Nigeria and Argentina increased the most.
And these dollar debts and dollar refinancing risks will bring great risks to the local economy because of the fluctuation of the dollar. This is the second risk I want to talk about, the exchange rate fluctuation caused by the Fed's interest rate hike. Judging from the path of the Fed's interest rate hike this year, the Fed's interest rate hike is more radical than many people thought, which also pushed up the recent trend of the US dollar.
The appreciation of the dollar means that the debt denominated in dollars will bear higher repayment costs for borrowers. At present, more than 10% of corporate bonds in emerging markets are floating rate notes, and US dollars account for 80% of foreign currency financing in emerging markets. Therefore, under the strong dollar, emerging economies face the risk of devaluation and capital outflow, and even the risk of double crisis of currency and debt.